Industry News
Evergrande's car making arm plans IPO on Shanghai STAR market
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 18 that it intends to issue RMB shares on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.
Baidu Apollo launches first L4 self-driving Robobus in Chongqing
Baidu was awarded 10 licenses to operate autonomous driving human testing in Chongqing, where Baidu Apollo and King Long collaborated to launch Robobus, an L4 autonomous vehicle.
WM Motor and Apple launch Apple Watch dials for remote vehicle control
Chinese electric vehicle startup WM Motor has teamed up with Apple to launch exclusive dials for the Apple Watch Series 6, becoming the first company in China to customize the Apple Watch so that users can control their vehicle remotely by lifting their hands.
Nio's local rival WM Motor reportedly secures 1 billion yuan in new financing
Chinese electric vehicle startup WM Motor has completed its Series D round of financing, led by Hefei Industrial Investment and Guidance Fund Co. with an investment of 1 billion yuan, according to the Beijing News.
GAC Nio establishes $1 billion fund to support partners
GAC Nio, the joint venture between Chinese carmakers GAC Group and Nio, announced on September 16 that it is launching the GAC Nio Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.
Geely unveils battery swap station in major endorsement of Nio-led technology route
As a major endorsement of the Nio-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.
Analysts expect strong sales in China's new energy vehicle market in H2
Huachuang Securities analysts are optimistic about the fundamentals of the Chinese auto industry, and is optimistic about the new energy flagship models of independent and new energy vehicle startups this year, and the models that explode accurately cut consumer demand.
Baidu's Robin Li: Autonomous driving will be commercially available in 5 years
Baidu Chairman and CEO Robin Li predicted that in five years' time, automated driving will be fully commercialized, greatly reducing congestion and eliminating the need for car purchase and traffic restrictions.
Evergrande's car making arm announces HK$4 billion in funding from investors including Tencent
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 15 on the Hong Kong Stock Exchange that it has raised approximately HK$4 billion in new funding.
BMW takes on Tesla, Nio in China, launches its first all-electric SUV - BMW iX3
BMW on Sunday unveiled the iX3, the first all-electric midsize SUV in the history of the BMW Group, and the first product to be sold to the global market with China as the sole manufacturing base.
